Zacks Research upgraded shares of Rumble (NASDAQ:RUM – Free Report) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks reports.
A number of other analysts have also recently commented on RUM. Weiss Ratings reissued a “sell (d-)” rating on shares of Rumble in a research report on Thursday, October 22nd. Lake Street Capital began coverage on Rumble in a research note on Tuesday, October 6th. They issued a “hold” rating and a $25.00 price target on the stock. Finally, Wall Street Zen lowered Rumble from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $25.00.
Check Out Our Latest Analysis on RUM
Rumble Price Performance
Shares of RUM opened at $5.96 on Tuesday. The stock has a market cap of $2.96 billion, a PE ratio of -10.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.12 and a current ratio of 2.12. Rumble has a fifty-two week low of $4.49 and a fifty-two week high of $10.60. The firm’s 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $6.67.
Rumble (NASDAQ:RUM – Get Free Report) last announced its earnings results on Wednesday, November 11th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Rumble had a negative net margin of 134.60% and a negative return on equity of 22.77%. The business had revenue of $96.58 million for the quarter, compared to the consensus estimate of $89.00 million. During the same period in the prior year, the business posted ($0.06) EPS. Rumble’s revenue for the quarter was up 289.5% on a year-over-year basis. Analysts anticipate that Rumble will post -0.55 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Rumble
Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Rumble by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 322,245 shares of the company’s stock valued at $1,643,000 after purchasing an additional 1,475 shares during the last quarter. Sigma Planning Corp raised its holdings in Rumble by 2.1% in the first quarter. Sigma Planning Corp now owns 162,699 shares of the company’s stock worth $830,000 after buying an additional 3,349 shares during the last quarter. Sterling Capital Management LLC purchased a new position in Rumble in the third quarter worth about $36,000. Mather Group LLC. purchased a new position in Rumble in the third quarter worth about $45,000. Finally, Signaturefd LLC purchased a new position in Rumble in the third quarter worth about $60,000. Institutional investors own 26.15% of the company’s stock.
Recent Rumble Headlines
Here are a few of the latest headlines about RUM:
- Positive Sentiment: Third-quarter revenue rose 289.5% year over year and exceeded estimates, providing a strong growth signal. This appeared to be a key driver of investor enthusiasm. Article: RUM Group Just Soared Higher — Here’s Why
- Negative Sentiment: Rumble reported a third-quarter loss of $0.19 per share, worse than analyst expectations and the $0.06 loss a year earlier, tempering the strong revenue report. Article: Rumble Third-Quarter Earnings
- Negative Sentiment: Fourth-quarter revenue guidance of $88 million–$94 million has a $91 million midpoint, below analysts’ $92.2 million consensus estimate, potentially limiting optimism about near-term growth.
Rumble Company Profile
Rumble Inc. operates a video-sharing platform where users can upload, watch and share videos. The company also offers live-streaming tools and services that help creators publish and monetize content, including through advertising and subscriptions. Founded in 2013 by Chris Pavlovski, Rumble has expanded beyond video distribution into cloud computing. Its Rumble Cloud business provides infrastructure services to organizations seeking alternatives to larger cloud providers. The company serves creators, viewers and business customers in multiple countries, with a substantial presence in North America.
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